Looking to diversify beyond FGTIX? The mutual funds below have the lowest correlation with FGTIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FGTIX.
Best Diversifiers for FGTIX
2 mutual funds have low correlation with FGTIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.05 | 0.08 | 58 | Diversified Portfolio | FGTIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.14 | 0.49 | 69 | Diversified Portfolio | FGTIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.52 | 0.58 | 79 | Diversified Portfolio | FGTIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.51 | 0.58 | 83 | Diversified Portfolio | FGTIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.52 | 0.58 | 83 | Diversified Portfolio | FGTIX vs FSIRX |
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